Trina Solar signs 700MW module supply deal with Citicore Renewable Energy

Facebook
Twitter
LinkedIn
Reddit
Email
Alreetz F Santander, president of Citicore Construction (left) and Todd Li, president of Trina Solar Asia Pacific, sign the module supply deal. Image: Trina Solar

Chinese solar manufacturer Trina Solar has signed a supply agreement with the Citicore Renewable Energy Corporation (CREC) to supply 700MW of PV modules to the company.

CREC, a subsidiary of Philippines-headquartered firm Citicore, will acquire Trina’s Vertex DE21 modules, a series of 670W mono-facial modules. The company started commercial production at a new Chinese facility last week, and the deal is Trina’s latest move as it looks to expand its global footprint.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“The procurement of PV panels from Trina Solar is part of our efforts to secure high-quality and efficient technology for our projects,” said CREC President and CEO Oliver Tan. “This will help us move towards our goal of 1GW per year of renewable energy capacity as per our commitment to the Filipino people.”

At present, CREC has 284MW of solar capacity installed at operations across the Philippines, and plans to add 1GW of new capacity by the end of 2024. The company aims to add 5GW of new capacity by the end of 2028, and while it has not announced how the Trina modules will be deployed within this plan, the company’s commitment to installing new solar capacity in the Philippines is notable.

The Philippines plans to add 17.8GW of new solar capacity by the end of the decade, a considerable increase on the 1.7GW of all renewable capacity currently in operation in the country, and deals such as this will help achieve this target. The government plans to invest US$10 billion into its solar sector by 2026, a significant investment that puts the Philippines ahead of its Southeast Asian neighbours with regard to investment in new solar projects.

The deal is also the second agreement signed between Trina and CREC in the country, following the deployment of Trina’s panels at CREC’s 125MW Lumbagan solar plant, and 72MW Luntal solar plant, earlier this year.

“We are pleased with this opportunity to work together again and it is testament to CREC’s trust in us and our smart energy solutions,” said Trina Solar Asia Pacific president Todd Li. “Through the successful implementation of this agreement, we look forward to strengthening our relationship with Citicore and continuing to work closely together to help the Philippines transition to renewable energy.”

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 11, 2024
JA Solar tops the list with the score of 82.9 out of 100, followed by Trina Solar (81.7), JinkoSolar (80.8) and Canadian Solar (78.5).
June 10, 2024
The US International Trade Commission has decided to continue its investigation into the imports of crystalline silicon PV cells from Southeast Asia.
June 7, 2024
Chinese solar manufacturing giant LONGi Green Energy has addressed rumours it is planning to shut down production at its facilities in Southeast Asia in response to US import tariffs coming into force.
June 5, 2024
Leapton Energy has launched a series of tunnel oxide passivated contact (TOPCon) modules with a maximum power conversion efficiency of 22.95%.
May 31, 2024
Brookfield intends to acquire French independent power producer (IPP) and renewables and energy storage developer Neoen.
May 31, 2024
Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia